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Saturday, March 12, 2016

Saga Communications Net Revenue for 2015 Flat; Down 2.1% in Q4

Saga Communications Net Revenue for 2015 Flat; Down 2.1% in Q4. Fourth quarter and 2015 full year financial figures have been released by Saga Communications and the company's net revenue for all of 2015 was $132.9 million (basically flat at -0.9%). Comparing 2015 Q4 net revenue to the same period in 2014, the company was down 2.1% (including political). Saga reports that free cash flow increased 2.9% to $21.6 million for the year ended December 31, 2015. Gross revenue without political increased 0.7% for the year. Station operating expense decreased 1.2% to $97.3 million (station operating expense includes depreciation and amortization attributable to the stations). Operating income decreased $1.9 million. Net income for the year was $13.4 million ($2.29 per fully diluted share).

RadioInfo Career Moves. The expansion of the "Brooke & Jubal" morning show continues as the show – based at Hubbard Radio's CHR KQMV, Seattle – is added to the program lineup at Cumulus Media's CHR KKMG, Colorado Springs "98.9 Magic FM." The program is also heard in Portland and San Antonio…..AtiHeartMedia's country KWNR, Las Vegas "95.5 The Bull," Lois Lewis is named new midday personality. In addition, she'll serve as APD and music director…..In Athens, Georgia, morning personality Steve Anthony exits Cox Media Group's adult contemporary WGMG "Magic 102.1" in a budget-related move…..Returning to Cumulus Media's CHR WHHY, Montgomery "Y102" where they worked in the past is the morning duo of John Garrett and Tommy Fields. They take over mornings on March 14.

RadioInfo Tidbits. The Dallas-Fort Worth cluster of Cumulus Media stations is sponsoring the a regional job fair on Wednesday (3/9) titled "Putting Texans Back to Work Spring Job Fair." The seven Dallas market Cumulus stations are promoting the fair that seeks to match professionals from the area with more than 100 companies that are seeking quality job candidates…..iHeartMedia-owned rocker WDVE, Pittsburgh is honored by the Children's Miracle Network Hospitals as its 2015 English Radio Station of the Year. The annual honor recognizes stations that demonstrate an extraordinary commitment to their local Children's Miracle Network Hospital…..Dielectric will be at the 2016 NAB Show in Las Vegas in April displaying its purpose-engineered antennas and RF systems for TV and radio broadcasters. There it will display its new low- and high-power antennas to cover all power requirements; and a common case FM combiner that supports channel multiplexing across a lighter infrastructure. Dielectric general manager Keith Pelletier says, "Dielectric has invested significant engineering effort into developing economical antenna and RF solutions for FM broadcasters. Innovations include a panel antenna design for low-power broadcasters that reduces the size of the feed system by half, and a ring-style solution for high-power stations that greatly lowers the costs and complexity of sidemount installations. Inside the transmitter building, we're returning precious real estate to tenants by eliminating components traditionally associated with the filtering process, while simplifying channel tuning. The result is high-quality engineering with a quicker return on investment for the broadcaster."

CBS RADIO Hobnobs with Nashville Record Execs and Artists. The photo here was taken last week as CBS RADIO programmers and executives visited Nashville to meet with country labels, managers and artists. BMLG and Dot Records artist Steven Tyler (center) joined the group to share some new music. Among those in this photo are: CBS RADIO president Andre Fernandez, EVP of programming Chris Oliviero, WUSN-FM program director and vice president of country programming Jeff Kapugi, Big Machine Label Group EVP/Republic Nashville president Jimmy Harnen, and Dot Records general manager Chris Stacey.